• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

All posts by Bhumika Lenka

Niyogin Fintech Announces Demerger and Plans Independent Listings for NBFC and iServeU

 India, February 10th, 2025 Niyogin Fintech Limited, a publicly listed fintech platform, has revealed a significant strategic shift with the approval of a composite scheme of arrangement and amalgamation. The scheme involves the separation of its NBFC (Non-Banking Financial Company) business and iServeU (iSU), which will now be individually listed entities.

fintech

Tashwinder Singh, CEO, and Managing Director of Niyogin Fintech Limited, commented on the development, stating, “I am excited to announce that the Board has approved the proposal for the composite scheme of arrangement and amalgamation among Niyogin Fintech Limited (NFL), Niyogin Finserv Limited (newly incorporated 100% subsidiary) and its 51% subsidiary, iServeU (iSU). As a result, both the NBFC business (along with associated companies) and iSU will be individually listed. This decision reflects our commitment to creating two distinct, agile, and high-performing entities that can independently focus on their strengths, pursue growth opportunities, and deliver enhanced value to our stakeholders.

Both company founders, Amit Rajpal and Gaurav Patankar, participated in the special earnings call, where they emphasized the significance of this strategic decision and outlined the path forward for the company. Their active engagement and deep insights reinforced the company’s commitment to transparency, long-term growth, and value creation for stakeholders, underscoring the pivotal role of this decision in shaping the company’s future trajectory.

Following the restructuring, the newly formed subsidiary, Niyogin Finserv Limited, will manage the scaling of the NBFC company, with a strong focus on extending its lending book through fintech partnerships. The company aspires to combine data-driven decision-making, a low client acquisition cost, and expanded access to underserved communities to establish a high-margin, scalable lending business.

Meanwhile, iServeU will operate independently, shifting to a SaaS-based business model. This approach will lessen dependency on “pass-through” revenue sharing with partners, allowing iServeU to expand steadily and predictably while strengthening existing connections and exploring new product offerings.

Turning to this quarter’s performance, it has been subdued. DMT (Domestic Money Transfer) transaction volumes were impacted industry-wide due to the implementation of tighter KYC norms by the regulator. This weakness was partially offset by strong performance in the ‘SaaS’ vertical, where device deployment held steady in line with guidance, maintaining a run rate of ~50,000 devices per quarter. We saw strong traction in our contract pipeline, which has now grown to approximately ~ 7 lakh devices. We also recorded key wins in the ‘SaaS’ vertical with new contracts from Bank of Baroda, Axis Bank and Suryoday SFB to name a few. We are confident that our new strategic initiatives, coupled with the strength of our team, will continue to drive success and help us meet our targets.”

Key Highlights of Q3FY25

• AUM stands at Rs. 241.8 Crores* , up 2% QoQ

• Total Income grew to Rs. 113.2 Crores in Q3FY25, up 110% YoY and up 55% QoQ

• Adj. Total income** stood at Rs. 60.2 Crores in Q3FY25, up 12% YoY and down 17% QoQ

• Adjusted EBITDA (Ex-ESOP) loss consolidated in Q3FY25 to Rs. 2.0 Crores compared to Rs. 0.5 Crores loss in Q2FY25 and Rs. 1.4 Crores loss in Q3FY24

• Non-GAAP PBT loss was Rs. 4.6 Crores in Q3FY25, compared to Rs. 3.4 Crores loss in Q2FY25 and Rs. 4.5 Crores loss in Q3FY24

Shubhodip Pal named CEO of ITW Universe’s Integrated Marketing Services Division

Bangalore/ Delhi, 5 Feb 2025: ITW Universe today announced the appointment of Shubhodip Pal, as the new Chief Executive Officer of ITW’s Integrated Marketing Services (ITW IMS) division. With over 27 years of experience and a proven track record across multiple sectors in brand leadership, marketing innovation and business growth, Pal is recognized as a transformative leader in the industry who will be building ITW’s newest offering in helping brands create impactful marketing strategies across sports, media and entertainment.

suvodeep pal

Pal has previously held key leadership roles at global organizations, including Samsung, ABN Amro Bank, Hewlett Packard, Micromax, Balaji Motion Pictures and Revolt Motors. After spending 11 years with Samsung with iconic marketing campaigns and Sports initiatives – Samsung Cup India’s tour of Pakistan after 13 years, Asian/Olympic games, Chelsea FC; his 7 year stint at Hewlett Packard where as Head of Consumer Marketing, Pal moved HP from being B2B brand to a lifestyle consumer centric brand with his dual brand strategy for HP & Compaq – integrating industry first Colour/Imprints for its Laptops to associations with Fashion weeks for over 12 seasons with the FDCI, Introducing Cricket with Compaq Cup India’s First Digital Trophy with BCCI and driving a very successful campaign “The Computer is Personal again” with its partners Intel, Microsoft and AMD.

Pal, a critical member of the leadership team along with the Co-Founder’s at Micromax as its Chief Marketing Officer was instrumental in driving the company’s revenue growth from USD 350Mn to USD 1.3Bn in 3.5 years with successful marketing/ media first campaigns and led the out of the box clutter breaking brand ambassador idea of getting Hugh Jackman on board for a home grown brand. Micromax’s staggering market share in the mobile handset business being in the Top 3 brands in India consistently as per IDC during his tenure.

Prior to joining ITW, he was the CEO & Co-Founder of Googly Media Pte Limited a Singapore based gaming platform specialising in eSports and Casual gaming. In less than a year’s time, Pal was instrumental in conceptualisation, finding product market fit to a successful launch in India, along with partnership with leading international gaming publishers.

Bhairav Shanth, Co-Founder of ITW Universe, expressed his excitement about the appointment, saying, “We’re thrilled to welcome Shubhodip Pal to the ITW family. At ITW, we’ve always been at the forefront of innovation, and I have complete confidence that Shubhodip, with his groundbreaking ideas, will drive our vision even further. ITW IMS is a transformative division, and I can’t think of anyone better suited to lead it. Over the course of his career, Shubhodip has consistently demonstrated a unique ability to transform brands and leverage cutting-edge marketing strategies, which aligns perfectly with our commitment to delivering exceptional value to our clients.”

Pal who has worked across sectors including Consumer Durables/Home Appliances, Finance, IT hardware/Services, Mobile handsets/VAS, EV’s, Gaming & Entertainment also served as CEO of Balaji Motion Pictures, overseeing critically and commercially successful films such as Ek Villain, Udta Punjab, Veere Di Wedding, and Half Girlfriend. His expertise extends to creating iconic ad campaigns and reshaping the media and content landscape in the brands he worked with.

On his vision for ITW IMS, Shubhodip Pal said, “ I am very excited to be a part of ITW’s growing vision as one of the largest sports and entertainment agencies in the country. ITW has helped brands create a niche in sports and beyond, the need of the hour is a single window solution for brands to leverage which combines media, creative, maximising the Sponsorships which they invest in and actionable strategy across mediums and diverse platform’s available today . With ITW working with 39 brands last year during the IPL was landmark on its own showing trust in us delivering solutions and activating rights be it Offline or online. I am looking forward to leading our dynamic team and spearheading our transformative approach across the BU’s in ITW and giving our clients bang for their buck. Customization solutions for brands, understanding their needs and delivering is key to our success – we will always be part of the Brands CMO’s team for the brands we work with”

ITW Integrated Marketing Services will work collaboratively with ITW’s existing divisions and offer a more holistic approach to their clients, The division has also bagged the mandate of a few notable brands with Shubhodip joining recently, watch out this space for more.

British Lingua: Revolutionizing Language Learning in India

Patna, 5th February, 2025

In the ever-evolving world of education, learning English has become a fundamental skill for success, especially in India, where the global demand for proficiency in English is rising exponentially. One name that stands out in the field of English language education in India is Dr. Birbal Jha, the visionary behind British Lingua, a leading language learning platform. Dr. Jha’s relentless commitment to bridging the gap in English language education has paved the way for thousands of students and professionals to achieve fluency in English and excel in their careers.

spoken english class

The Birth of British Lingua

British Lingua was founded by Dr. Birbal Jha with a vision to provide high-quality, comprehensive English language education accessible to individuals from all walks of life. The journey began when Dr. Jha noticed the widening gap in English communication skills among students and professionals, despite English being a dominant language in the Indian educational and professional sectors. He realized that the lack of proper training, resources, and a structured approach to learning English was hampering people’s ability to communicate effectively.

Dr. Jha’s deep understanding of language learning and his desire to improve the communication skills of the youth led him to create British Lingua in 1993. The institute was set up with the aim of imparting practical, industry-relevant language skills rather than just academic English. The goal was to equip students with the communication skills they would need to thrive in their professional lives, as well as to help those preparing for various competitive exams that require a solid understanding of English.

The British Lingua Philosophy

British Lingua adopts a learner-centric approach that emphasizes personalized learning. The institute recognizes that every learner has a different pace, style, and need for language acquisition. Therefore, it tailors its programs to meet individual goals. Whether the aim is to improve spoken English, enhance writing skills, or prepare for English proficiency exams, British Lingua offers a wide range of courses designed for diverse learners.

One of the core philosophies of British Lingua is practical training. The institute believes that language learning is most effective when students are encouraged to apply their skills in real-world scenarios. This is achieved through:

Interactive sessions: These allow students to practice spoken English through real-time discussions and debates, enhancing their fluency and confidence.
Accent Training: British Lingua pays attention to accent-neutral training, helping learners sound more polished and articulate when speaking.
Personality Development: Besides language learning, British Lingua incorporates personality development sessions aimed at boosting confidence, improving social interaction skills, and enhancing presentation abilities. This holistic approach makes it unique from other language institutes.

The Structural-cum-Interactive Method developed by Dr. Birbal Jha is an innovative approach to language learning, primarily designed to teach English more effectively. Dr. Jha, who is known for his work in applied linguistics and language education, focused on creating a method that blends the principles of structural language teaching with interactive, communicative techniques.

Key Elements of the Structural-cum-Interactive Method:

1. Structural Approach: This part of the method is grounded in the idea that language can be learned by understanding its patterns. Method emphasizes a solid foundation in the mechanics of the language, ensuring learners have a firm grasp of sentence structure, tenses, and other grammatical rules. This structure helps learners form correct and meaningful sentences.
2. Interactive Component: The interactive element emphasizes real-life communication. Learners are encouraged to engage in dialogues, discussions, seminars, workshops , and role-playing exercises, allowing them to use the language actively. This interaction simulates natural communication, enhancing fluency and boosting learners’ confidence in using English in practical situations.
3. Focus on Practical Communication: While grammatical structure is key, Dr. Jha’s method also prioritizes the practical use of language. It encourages learners to use what they’ve learned in authentic contexts, improving both comprehension and speaking abilities.
4. Student-Centered: The method is designed to make students active participants in their learning. By incorporating interactive practices such as group work, peer-to-peer exchanges, and teacher-student interaction, learners become more involved in the language acquisition process.
5. Integration of Technology: In recent years, British Lingua has incorporated modern technology, such as multimedia and digital tools, to enhance the interactivity of the learning experience. This helps keep learners engaged and allows them to practice language skills in dynamic and varied ways.

The English Structural-cum-Interactive Method ( English SIM) aims to balance formal language learning with a practical, communicative approach, creating an environment where learners can effectively grasp and apply English in everyday situations.

Diverse Offerings at British Lingua

British Lingua offers a wide variety of courses tailored to different needs, including:

• Spoken English Classes: These are designed to help learners communicate effectively in everyday life, with a focus on pronunciation, vocabulary, and sentence structure.
• IELTS and TOEFL Preparation: British Lingua offers specialized classes for individuals looking to study abroad or work in English-speaking countries. The curriculum helps students to master the reading, writing, listening, and speaking sections of these tests.
• Business English Courses: Focused on professionals, these programs are designed to enhance corporate communication, negotiation, and writing skills in business settings.
• Public Speaking and Presentation Skills: These programs are geared toward boosting public speaking confidence, improving body language, and developing persuasive communication abilities.
• Personality Development: British Lingua helps students improve their soft skills, leadership qualities, and communication strategies.

Reputation and Recognition

Dr. Birbal Jha’s vision has resulted in a growing reputation for British Lingua as one of the premier institutions for English language learning in India. With several branches across India, British Lingua has become a trusted name for students, job seekers, and professionals. The institute is known for its experienced trainers, rigorous curriculum, and dedication to student success.

Under Dr. Jha’s leadership, British Lingua has consistently maintained high standards of education and customer service. The institute’s track record of producing successful learners speaks volumes about its ability to deliver results. Many of its students have gone on to achieve academic and professional excellence, thanks to the solid foundation they received at British Lingua.

Dr. Birbal Jha’s Contribution to the Education Sector

Dr. Birbal Jha’s contributions go beyond founding British Lingua. He is a respected author, educationist, and language expert. His commitment to improving English education in India has led him to work on various educational reforms and initiatives. He is known for conducting workshops, seminars, and training programs for educators, helping to shape the future of English teaching in the country.

Dr. Jha’s efforts in spreading English literacy have been recognized by various educational and professional bodies. He has been awarded numerous accolades for his contribution to language education, and he continues to inspire both students and educators alike with his unwavering dedication to transforming the language learning landscape.

The Future of British Lingua

As the demand for English proficiency continues to grow in India and across the world, British Lingua is poised for further expansion and success. With an ever-growing curriculum that adapts to the changing needs of the job market, British Lingua plans to continue evolving and offering cutting-edge training solutions to its students.
Dr. Birbal Jha remains committed to providing quality education to all, ensuring that every learner is empowered to reach their full potential through effective language acquisition. With its strong foundation and dynamic approach to teaching, British Lingua is set to remain a leader in English language education for years to come.

Conclusion

British Lingua’s rise under the guidance of Dr. Birbal Jha exemplifies the power of innovation in education. By offering a wide range of courses designed to meet the varied needs of learners, British Lingua is shaping the future of English language learning in India. Through its dynamic teaching methodologies, personalized approach, and a focus on practical skills, British Lingua continues to help individuals from all walks of life break barriers and succeed in their personal and professional journeys.

In the ever-changing world of communication, mastering English is no longer just a necessity, it is an opportunity, and British Lingua stands as the perfect gateway for those seeking to seize it.

Snowman Logistics Reports 6.30% Revenue Growth in Q3 FY25, Strengthening Market Position

Mumbai, 3rd February 2025: During the quarter ended December 31, 2024, Snowman Logistics Ltd recorded revenue of INR 131.85 Crores as against INR 124.05 Crores for the same period in the previous year, registering a growth of 6.30%. EBITDA recorded at INR 21.83 Crores as against INR 27.50 Crores, in the corresponding quarter of the previous year.

Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited said, “The industry is currently navigating headwinds due to a slowdown in consumption patterns during Q3, especially in the QSR business. In addition, as Amazon no longer requires dedicated fulfilment centres for their cold chain business, we have discontinued the warehouses leased for them. Regarding our ongoing projects, our Kolkata expansion has been delayed from Q3 to Q4, however the project is nearing completion and expected to commence operations during current quarter. In addition, our Krishnapatnam expansion is well underway and expected to commence in Q1 of next year. We remain positive about growth in broader demand and are actively evaluating multiple new locations to expand our capacity in the next financial year through both owned and asset-light models.”

Post budget reaction from Startups

Mr. Arvind Krishnan; Founder and CEO of Skope Kitchens 

“Lowering taxes for India’s expansive middle class is poised to significantly stimulate domestic consumption, giving consumers extra spending power and fueling economic momentum.

The Union Budget 2025 underscores India’s ambition to emerge as a global frontrunner in advanced technologies, with a special emphasis on Artificial Intelligence. By earmarking ₹500 crore for a new Centre of Excellence in AI for Education and bolstering AI research at the IITs, the government is nurturing high-level innovation. This initiative is designed to draw in exceptional talent, spark international partnerships, and create robust industry links, demonstrating India’s unwavering commitment to meeting the global need for AI expertise.

Moreover, the budget champions deep-tech entrepreneurship by establishing a dedicated Fund of Funds, intended to accelerate breakthroughs in AI, machine learning, and automation. This move is aimed at fostering indigenous innovations and investments in the AI sector, setting the stage for sustainable, technology-driven growth.”

Mr. Rohith Reji, Co-founder and CEO at Neokred 

“India’s 2025 Union Budget demonstrates a strong commitment to boosting domestic consumption by lowering taxes for the large middle class. Simultaneously, it prioritizes becoming a global leader in advanced technology, particularly Artificial Intelligence. A ₹500 crore allocation for a new AI Centre of Excellence in Education, along with expanded AI research at IITs, signals a focus on high-level innovation. This Centre is expected to attract leading talent, foster global collaborations and industry partnerships, and address the global demand for AI expertise. Furthermore, a dedicated Fund of Funds for deep-tech entrepreneurship will stimulate breakthroughs in AI, machine learning, and automation, encouraging domestic AI innovation and investment.”

Mr. Tom Mathew; Co-Founder and COO of Skope Kitchens 

Easing the tax burden on India’s vast middle class is set to give a major boost to domestic spending, putting more money in the hands of consumers and driving economic growth.

The Union Budget 2025 highlights India’s ambition to lead in advanced technology, particularly Artificial Intelligence. With ₹500 crore allocated to establish a Centre of Excellence in AI for Education and expand AI research at IITs, the government is investing in innovation at the highest levels. This initiative aims to attract top talent, foster global collaborations, and strengthen industry partnerships, reinforcing India’s commitment to becoming a global AI powerhouse.

Additionally, the budget places a strong emphasis on deep-tech entrepreneurship, introducing a dedicated Fund of Funds to support breakthroughs in AI, machine learning, and automation. By encouraging homegrown AI innovations and investments, India is laying the groundwork for a future driven by cutting-edge technology and self-sustained growth.”

State Bank of India: Chairman’s quote on Union Budget 2025-26

Mr. Challa Sreenivasulu Setty,Chairman of SBI

sbi chairman

“The Union Budget reaffirms India as an innovation and knowledge centric economy with a slew of reforms across agriculture, MSME, export centricity, education and healthcare and balancing skills and AI. The rationalisation of personal tax reforms could unleash a potential consumption boom of at least Rs 3.3 trillion spend over baseline. The fiscal numbers are conservative. The budget has several bold initiatives for Agri sector aimed at boosting farmers income through crop diversification, participation in Agri value chains and focus on allied activities. The MSME sector will benefit from expanded credit availability through credit guarantees, empowering women entrepreneurs and credit cards for micro enterprises. The enhancement of TCS limit on remittances, the enhancement of TDS limits for senior citizens will significantly simplify ease of doing business. Overall, the Budget is a significant step towards making India a global hub for innovation and advanced manufacturing.”

Post budget Insights on on manufacturing, energy transformation and tech factor

 Dr. Bijal Sanghvi, Managing Director, Axis Solutions

Union Budget 2025 will drive and strengthen India’s manufacturing and energy transformation with a strong push for “Make in India”. Targeting 100 GW of nuclear energy by 2047 is a welcome move for a sustainable future. With a ₹20,000 crore outlay for small modular reactors in Nuclear Power, the budget accelerates clean energy adoption. Power sector reforms, export promotion, and policy incentives will strengthen industrial growth, ensuring Atma-Nirbharta, innovation, energy security and transition. Investing in people through skill development programme will build a future-ready workforce, positioning India as a global power- house in manufacturing, sustainability, and technological advancement.

Mr Masaharu Morita, Founder and Program Director at NURA

The Union Budget 2025-26 has given special emphasize on healthcare, especially cancer care. The decision to establish cancer centres in all district-level hospitals needs special mention. 200 of them will come up in the next fiscal year itself. Further, 36 life saving cancer drugs are fully exempted from customs duty, which shows how much priority the government is giving to the segment. Moreover, establishing a ‘Centre of Excellence in AI for Education’ is another notable step that will unleash a wave of technology revolution in healthcare and diagnostics services as well.

Another notable initiative is that the Budget has made provisions to increase 10, 000 more medical seats in the coming fiscal year. Domestic manufacturing of medicines and pharmaceuticals is also getting a significant boost. More importantly, promoting health tourism with the help of private players will enhance the image of the country as a promising healthcare destination”.

Ms. Smitha Shetty – Regional Director APAC – Achilles Information Ltd

Achilles welcomes the Indian government’s FY25 budget, which reinforces India’s position as a global manufacturing and export hub. Increased MSME credit limits and expanded classification will drive industrial growth, job creation, and innovation. Investments in clean technology manufacturing—solar, EV batteries, and wind turbines—mirror global sustainability trends, strengthening supply chains. Maritime and shipping sector incentives will enhance trade competitiveness. However, robust supply chain due diligence and ESG compliance are vital to mitigate risks. While this budget lays a strong foundation, its execution will determine India’s success in becoming a self-reliant, globally competitive manufacturing powerhouse.

Mr. Vivek Merchant, Director, Swan Defence and Heavy Industries Limited

“The Union Budget 2025-26 sends a strong message about India’s ambitions in shipbuilding and maritime infrastructure. The ₹25,000 crore Maritime Development Fund is a game-changer, signaling the government’s serious intent to make India a global hub for shipbuilding. This investment, coupled with the push for port-led development and logistics efficiency, will drive growth for companies like ours. The ₹1.5 trillion allocation for infrastructure development is another positive step, ensuring better connectivity for shipyards and ports, which is crucial for scaling up operations.

However, the industry still needs policy reforms that encourage private sector participation and reduce dependency on imports for critical components. A clear roadmap for defence shipbuilding and incentives for indigenous manufacturing will further strengthen India’s maritime ambitions. The increased defence budget allocation and emphasis on modernization present a significant opportunity for private players in the defence sector. Encouraging strategic partnerships and fostering a robust domestic ecosystem for naval defence manufacturing will be key to enhancing India’s self-reliance in maritime security.

At Swan Defence and Heavy Industries, we are excited about these developments and look forward to leveraging these opportunities to contribute to India’s self-reliance in shipbuilding, maritime defence, and overall strategic capability.

Mr. Ramesh K. Vaidyanathan, Managing Partner, BTG Advaya

One of the key messages of the budget is the focus on ease of doing business and the promised “light-touch regulatory framework”. The finance minister has rightly sought to strengthen the trust-based economic governance and eliminate red-tape. The decision to set up a high-level committee for regulatory reforms to review regulations, certifications, licences, and permissions in the non-financial sector is a wonderful idea. One would hope that this a high- powered committee of all relevant stakeholders, with a clear timeline and an actionable agenda.
It is critical to get a buy in from the states as they are critical to all aspects of doing business in India. The announcement to promote competition among states by ranking them based on ease of doing business performance is a step in the right direction.

As a first step, we need to urgently roll out initiatives like single-window clearance systems and online platforms for filings and approvals (that are user friendly). As I see it, it is not just about decriminalizing legal provisions and reducing compliances. It is more about transparency on what is expected and clarity on how to comply easily.

Mr. Gaurav Sahay, Practice Head – Technology & General Corporate, Fox Mandal & Associates LLP

The Union Budget 2025-26 takes a significant step toward strengthening India’s technological landscape by prioritizing AI, deep tech, and digital education. The establishment of AI Centers of Excellence, alongside the expansion of IITs, will foster a robust ecosystem for innovation and skill development. Additionally, the government’s focus on supporting deep tech startups through dedicated funding will accelerate advancements in AI, blockchain, and clean energy. These initiatives reaffirm India’s commitment to becoming a global leader in emerging technologies, driving both economic growth and digital transformation. The Government should look at gaining an AI sovereignty as against US and China already present there.

Budget 2025-26: India’s Path to Healthcare Leadership and Innovation

Dr. Harshit Jain, Founder & Global CEO, Doceree

harsheet jain

“The Union Budget 2025-26 lays a solid groundwork for India to assert its leadership in global healthcare and innovation. With a ₹90,958 crore healthcare allocation, coupled with investments in daycare cancer centres and the addition of 10,000 new medical seats, India is poised to enhance both – care accessibility and quality. Further, the push for broadband connectivity in rural health centres and the introduction of healthcare identity cards for gig workers under PM Jan Arogya Yojana further underscores India’s commitment to advancing healthcare equity.

On the entrepreneurial front, the increased Mudra Loan limits and targeted support for MSMEs will empower pharma and healthtech innovators, driving a resilient healthcare ecosystem. The establishment of the Centre of Excellence for AI and the expansion of STEM education through the Atal Tinkering Lab initiative will catalyse technological disruption within healthcare. Additionally, prioritizing funding for marginalized first-time women entrepreneurs will increase their participation in both healthcare and economic growth. Simultaneously, the ‘Heal in India’ initiative will elevate medical tourism, creating job opportunities and attracting foreign investments, while exemptions on cancer drug imports and continued support for production-linked incentives will solidify India’s role as a global pharmaceutical leader. With the budget’s emphasis on research, digital transformation, and structured financial support, Doceree stands aligned with the vision of ‘Vikasit Bharat’, and welcomes Government’s ongoing efforts by utilizing technology-driven innovations to enhance healthcare effectiveness.”

Budget Quotes from industry experts 2025

Mr. Girish Kousgi, MD & CEO, PNB Housing Finance

“The Union Budget 2025 reflects the government’s steadfast commitment to strengthening the Indian economy through fiscal prudence and growth-oriented policies. The housing sector continues to be a key pillar of economic development, and we are encouraged by the progressive measures aimed at enhancing housing affordability and accessibility for millions of Indians.

The increase in the income tax exemption limit to ₹12 lakh will significantly boost disposable income, enhancing purchasing power and potentially increasing housing demand. Additionally, the completion of 50,000 dwelling units under stressed housing projects, with another 40,000 units set to be delivered in 2025, offers much-needed relief to middle-class families burdened by EMIs and rent. The establishment of SWAMIH Fund II, a ₹15,000 crore blended finance facility, will further accelerate the completion of another one lakh housing units, reinforcing the government’s focus on resolving housing stress.

We are optimistic that the sustained economic momentum, coupled with the government’s visionary policies, will drive long-term growth in the housing and real estate sectors, contributing to India’s vision of inclusive and sustainable development.”

Mr. Srikanth Kandikonda, Chief Financial Officer, ManipalCigna Health Insurance

“We welcome the government’s decision to increase the FDI limit in the insurance sector from 74% to 100%. This progressive move will drive greater capital inflows into the sector, also improve insurance penetration.

A key highlight of the Union Budget is the significant relief for the middle class, with no income tax payable on earnings up to ₹12 lakh under the new tax regime. This translates into greater income in the hands of people, empowering individuals to invest in financial security tools like health insurance. At ManipalCigna Health Insurance, our focus remains on India’s missing middle population, and this initiative aligns perfectly with our commitment to expanding access to quality healthcare protection.

Additionally, the government’s plan to establish 200 daycare cancer centres in district hospitals by 2025-26 is a commendable step toward strengthening healthcare accessibility. These centers will bridge critical care gaps, ensuring timely and affordable treatment for cancer patients across India. We look forward to supporting initiatives that enhance healthcare access and financial protection for all.’’

Dr. Gyanendra Shukla, MD and CEO of Rallis India Limited

 “Firstly, I would like to extend my heartfelt congratulations to Finance Minister Nirmala Sitharaman on presenting her eighth consecutive budget. The Union Budget 2025 adopts a forward-looking approach to strengthen Indian agriculture with a focus on self-reliance, sustainability, and rural empowerment. Prioritizing agriculture, MSMEs, and exports lays a strong foundation for long-term resilience.

The PM Dhan Dhanya Krishi Yojana will transform 100 agri districts by enhancing productivity, irrigation, storage, and credit access for 1.7 crore farmers. The National Mission on High-Yielding Seeds, targeting 100+ climate-resilient varieties, will boost yields and incomes. A renewed push for Atmanirbharta in edible oilseeds and the Mission for Cotton Productivity will further support farmers and reduce import dependence.

By advancing rural prosperity, crop diversification, and scientific innovation, this budget reinforces the government’s commitment to self-sufficient agriculture. At Rallis India, we remain dedicated to empowering farmers with sustainable crop protection and sustainable farming solutions, aligning with the government’s vision for a more resilient and prosperous agricultural sector.”

Mr.Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance

 “The Union Budget has clearly focussed on driving consumption led growth and foster inclusive development. A key highlight is the increase in the FDI limit in the insurance sector from 74% to 100%, a move set to bring in fresh capital and bolster the industry’s financial strength. The decision reflects the government’s continued commitment to making India a prime investment hub for stable, long-term capital.

Greater foreign participation, will accelerate the adoption of global best practices, introduce innovative products, and elevate customer service standards. Additionally, the mandate to invest premiums within India ensures that these funds contribute to domestic economic growth and infrastructure development.

The next five years present a significant and an exciting opportunity to propel the industry forward onto greater heights.”